Private equity firm Francisco Partners which already owns Procera Networks, has entered into an agreement to acquire Sandvine for roughly $444 million. The equity firm plans to combine both Procera and Sandvine.
The combined company will be led by Procera's Chief Executive Officer, Lyndon Cantor, and Procera's Chief Financial Officer, Richard Deggs, and retain the Sandvine name.
Founded in 2001 and headquartered in Waterloo, Ontario, Sandvine's network policy control solutions add intelligence to fixed, mobile and converged communication service provider networks, to increase revenue, reduce network costs and improve subscriber quality of experience.
Procera provides network visibility and control across mobile and fixed broadband networks, transforming data into actionable intelligence for operators to make informed business decisions and improve the quality of subscriber experience.
Together, the two companies will be the premier provider of Network Intelligence solutions to communication service providers around the world.
Lydon Cantor, CEO, Procera
Along with the rest of the Procera team, we look forward to bringing the best of both companies together to accelerate our strategy as the preeminent provider in the emerging Network Intelligence market. The combined organization will deliver greater capability to serve our customers, execute on innovation initiatives and expand our addressable market.
Dave Caputo, Sandvine's President and CEO
As technologies and networks continue to evolve, I firmly believe that the combination of Sandvine and Procera creates the premier provider in our markets - with the scale and innovation needed to address our customers' opportunities to build more intelligent networks.
